Classic Global Finance & Capital (BOM:538433) EBIT : ₹0.72 Mil (TTM As of Dec. 2022)

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What is Classic Global Finance & Capital EBIT?

Classic Global Finance & Capital's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was ₹0.10 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was ₹0.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Classic Global Finance & Capital's annualized ROC % for the quarter that ended in Dec. 2022 was 0.35%. Classic Global Finance & Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 984.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Classic Global Finance & Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 0.87%.

Classic Global Finance & Capital EBIT Historical Data

The historical data trend for Classic Global Finance & Capital's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Classic Global Finance & Capital EBIT Chart

Classic Global Finance & Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

EBIT

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0.84

0.37

0.07

0.28

0.73

Classic Global Finance & Capital Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial															0.09	0.60	-0.24	0.27	0.10

Competitive Comparison of Classic Global Finance & Capital's EBIT

For the Capital Markets subindustry, Classic Global Finance & Capital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Classic Global Finance & Capital's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Classic Global Finance & Capital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Classic Global Finance & Capital's EV-to-EBIT falls into.

Classic Global Finance & Capital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0.72 Mil.

Classic Global Finance & Capital (BOM:538433) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Classic Global Finance & Capital's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	0.384 * ( 1 - 0% )	/	( (109.88	+	0)	/ 1 )
=	0.384	/	109.88
=	0.35 %

where

	Invested Capital		(Q: Sep. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	122.362	-	9.275	-	( 3.207	-	max(0, 18.815	-	44.109	+	3.207	))
=	109.88

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Classic Global Finance & Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2022		Q: Dec. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.384	/	( ( (0.039 + max(-9.777, 0))	+	(0 + max(0, 0)) )	/	1 )
=	0.384	/	( ( 0.039	+	0 )	/	1 )
=	0.384	/	0.039
=	984.62 %

where Working Capital is:

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.34	+	0	+	1.382)	-	(9.275	+	0	+	4.224)
=	-9.777

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Classic Global Finance & Capital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	0.716	/	82.650
	=	0.87 %

Classic Global Finance & Capital EBIT Related Terms

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Classic Global Finance & Capital (BOM:538433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Classic Global Finance & Capital Ltd (BOM:538433) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office Number 8, Sodhi Complex, IInd Floor, Miller Ganj, Opposite Ramgarhia School, Ludhiana, IND, 141003

Website

https://www.classicgfcl.com

Classic Global Finance & Capital Ltd operates as a broking company in India. It offers loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting services. The company also provides investment services to purchase, acquire, subscribe, hold, and dispose of or otherwise invest/deal in shares, debenture stocks, bonds, obligations and securities, units, and other instruments. In addition, it acts as an agent/sub-agent of various agencies, mutual funds, and institutions for the mobilization of funds, deposits, and loans or other securities/units.

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